ecoBeans initial launch was a success,
receiving strong support from retail and office coffee services
(OCS) distribution channels
WINDSOR,
ON, Dec. 11, 2024 /CNW/ - NEXE Innovations
Inc. ("NEXE", the "Company", "we", "us" or "our") (TSXV: NEXE)
(Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative
materials company, is pleased to announce it has received a second
purchase order from ecoBeans Coffee Inc. ("ecoBeans") ahead of
schedule as a result of stronger than anticipated demand from the
retail and OCS markets. The company expects to complete delivery of
this order within the current fiscal quarter.
"We are thrilled with the initial launch of our new product
line, which we believe has exceeded expectations," stated
Alina Gogoescu, Founder of ecoBeans.
We are working with NEXE and expect to expand the product line
across additional SKUs. For the OCS channel, we are
considering targeting additional regional markets."
To explore ecoBeans Official Website: Visit Here
The ecoBeans philosophy is about more than just sipping a great
cup of coffee; it's about connecting with the earth, opening your
heart to new possibilities, and living with intention. With every
cup, ecoBeans hopes to inspire people to care for
themselves, the planet, and the future. The retail product is
available across all Nature's Fare Markets, limited Save on Foods
locations, and ecoBeans' e-commerce website
(http://www.ecobeans.coffee). The product for the OCS market
will be sold directly to businesses and distributed through Thirst
First Refreshments Inc., a leader in office coffee located in
British Columbia. ecoBeans is
based in Vancouver, B.C.
About NEXE Innovations Inc.
NEXE Innovations is focused on providing innovative compostable
material solutions and packaging to the B2B segment to help
businesses achieve their sustainability goals. NEXE Innovations has
developed a proprietary and patented compostable material that can
withstand heat, pressure, and water. Our flagship product, the NEXE
Pod, a BPI-certified compostable coffee pod, showcases our
material's durability and is an ideal substitute for plastic.
The NEXE pod is compatible with major coffee brewing machines
and is manufactured at NEXE's vertically integrated facility based
in North America. Discover our
innovative approach to sustainability at
www.nexeinnovations.com and join our journey on social media
@nexeinnovations. #compostablecoffeepods #sustainability
#greentech
On behalf of the Company:
Ash Guglani
President & Director
For investor relations contact:
Kam Mangat
VP, Investor Relations & Corporate Strategy
invest@nexeinnovations.com
Office +1-604-359-4725
Mobile +1-604-359-4742
For media relations contact: media@nexeinnovations.com
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements in this release are
forward-looking statements or information, which include, but are
not limited to, statements in respect of the Company's partnership
with ecoBeans. Forward-looking statements consist of statements
that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company,
including but not limited to, the Company's ability to execute on
its business strategy and those risks set out in the Company's
management's discussion and analysis for year ended May 31, 2024 under the headings "Risk and
Uncertainties". Such statements and information are based on
numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in
the future, including the demand for its products, anticipated
costs, and the ability to achieve goals. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include receipt of necessary approvals
and general economic, market or business conditions.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The reader is
cautioned not to place undue reliance on any forward-looking
information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as required by
law, the Company disclaims any intention and assumes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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SOURCE Nexe Innovations Inc.